Hard Decisions At SoftBank: Vision Fund CEO Rajeev Misra Gives Up His Board Seat, Along With 3 Others
India, Nov. 9 -- SoftBank Investment Advisers' CEO and head of vision fund Rajeev Misra will be stepping down from SoftBank Group's board of directors, along with three other executives such as SoftBank's COO Marcelo Claure, chief strategy officer Katsunori Sago, Saudi Arabia's Public Investment Fund's Yasir O. Al-Rumayyan.
The board will be reduced to nine members with the changes. The restructuring is a part of SoftBank's efforts to increase the proportion of outside directors and improve corporate governance. SoftBank founder Masayoshi Son, on Monday (November 9), said that the changes are aimed at separating management and operations at the Japanese conglomerate.
"More external directors mean better governance," Son said.
Son added...
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